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JD Supra: (Some) Banking Agencies Repropose Dodd-Frank 956 Incentive Compensation Rules
JD Supra· 5 days agoSection 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act requires that six agencies — the Federal Reserve System (FRS), Office of the Comptroller of the Currency...
SEC Private Fund Rule Struck Down by US Appeals Court | JD Supra
JD Supra· 3 days agoA U.S. appeals court struck down a newly adopted Securities and Exchange Commission (“SEC”) rule...
Director Rohit Chopra gives the back of his hand to argument that CFPB is unlawfully funded out of...
JD Supra· 1 day agoIt took about an hour for someone on the Senate Finance Committee during its hearing today to mention the “elephant in the room” — namely, the fact that the CFPB is only allowed under
The U.S. wants to crack down on payday loans. Here’s what you need to know.
Washington Post via Yahoo Finance· 21 hours agoAn earlier version of this article misspelled the last name of former GOP congressman Mick Mulvaney....
John Kennedy Tells Chief Biden Regulator Point Blank That His Agency Is ‘Operating Illegally’
IJR· 2 days agoThe Dodd–Frank Wall Street Reform and Consumer Protection Act mandates that the CFPB operate using funds from the “combined earnings of the Federal Reserve ...
Vacation Alert: Fifth Circuit Vacates Private Fund Adviser Rules
The National Law Review· 7 days agoOn June 5, the Fifth Circuit Court of Appeals (Court) vacated the entire set of private fund adviser rules adopted by the Securities and Exchange Commission (SEC) on August 23, 2023. Many private ...
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
CBS News via Yahoo Finance· 6 days agoThe MBA said lenders worked with the CFPB a decade ago on making sure mortgage fees were laid out...
Will Supreme Court Ground Tremors Cause National Bank Preemption Tsunami? | JD Supra
JD Supra· 1 day agoOn May 30th, an unanimous Supreme Court ruled that the Second Circuit needed to take another shot at evaluating whether Bank of America, a national bank, can pre-empt a New York state law requiring ...
The CFPB’s next funding fight
Politico· 3 days agoBut Republicans aren’t giving up the fight against an agency they have been trying to eviscerate since its inception – including by throwing up yet another challenge to the validity of the agency ...
JD Supra: Securities Act Rule 192 – Conflicts of interest relating to certain securitizations
JD Supra· 5 days agoThis Rule 192 prohibits securitization participants from engaging in any transactions involving an asset-backed security (“ABS...